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Currently, Bitcoin has completed its short-term profit-taking, and the bulls have resumed their rally with a clear upcoming rhythm:
Bitcoin will continue to rise along the upper band of the Bollinger Bands, with the first target at 69,100-69,500. Once broken, the next targets are 69,500-70,000. The bullish trend has been established, so avoid shorting lightly.
The 68,500-68,600 zone has shifted from resistance to strong support. Any pullback to this area will be an excellent opportunity for a second low-entry.
Bearish reversal condition: Only a volume-driven break below 68,000 would reconsider a short position; otherwise, any rebound should be treated as a trend-following long, not fighting the trend. $BTC